Silver Lake to take Endeavor Group private for $13 billion

Private equity firm Silver Lake has announced it is taking Endeavor Group Holdings (EDR) private. Silver Lake is acquiring 100% of the shares it doesn't already own in the company at a price of $27.50 per share, valuing Endeavor at $13 billion.

In the video above, Yahoo Finance's Julie Hyman and Josh Lipton discuss the deal.

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Editor's note: This article was written by Stephanie Mikulich

Video transcript

JULIE HYMAN: Private equity firm Silver Lake announcing today, it is acquiring entertainment company Endeavor Group Holdings. Now under the terms of the agreement, Silver Lake is going to acquire 100% of the outstanding shares it doesn't already own and it already owns quite a bit of it. It owns about 70% of the shares already. This is not necessarily a shock endeavor, said he was shopping itself around because the company went public in 2021. At 24 bucks a share, it's trading close today at 25.81. In other words, it's not gone much of anywhere so they were trying to unlock some value here.

JOSH LIPTON: Yeah. Endeavor led by, of course super agent Ari Emanuel owns, it's about 51% of TKO Group jewelry, which is the parent of UFC and WWE. Just looking at Ari Emanuel statement here saying the transaction will maximize the value of all of endeavor's public stockholders. And we're excited to continue to unlock and invest in the growth opportunities ahead as a private company.

JULIE HYMAN: Yeah. It's so interesting because it was a long in the works IPO when it finally came public and didn't last too long, only a couple of years. Well, we'll keep tracking it however.